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30.11.2018 10:26Storebrand, an $85 billion asset manager, to divest from coal by 2026
The biggest publicly traded life insurer in Norway, Storebrand ASA, is planning a total exit from coal by 2026, Bloomberg reports. The company is becomgin part of the widening field of investors withdrawing from the most polluting fossil fuels29.11.2018 10:44The TAP and TANAP pipelines were connected at the border of Greece and Turkey
The connection of the Trans-Adriatic Pipeline (TAP) to the Trans-Anatolian Gas Pipeline (TANAP) was successfully completed, BTA reports. The weld was carried out on the border between Greece and Turkey in the presence of representatives of the companies29.11.2018 10:07Putin says $60 oil is ‘Absolutely Fine,’, while praising Saudi Crown Prince
The Russian President Vladimir Putin said current oil prices around $60 a barrel are “absolutely fine” for his country, adding that Moscow is ready, if there is a need to work with OPEC on stabilizing the market after a major drop, Bloomberg29.11.2018 09:36The European Commission adopts a new long-term vision for a carbon neutral economy by 2050
Yesterday, the European Commission adopted a strategic long-term vision for a prosperous, modern, competitive and climate neutral economy by 2050 – A Clean Planet for all, according to the press release. The strategy shows how Europe can29.11.2018 09:21European Transmission System Operators successfully start the Single Allocation Platform
The Single Allocation Platform successfully started operation and provides long-term capacity auctions on all relevant EU borders, the Bulgarian Transmission System Operator - ESO EAD announced. In line with the timeline set by the Commission28.11.2018 12:35ENTSO-E released the Winter Outlook Report 20181/19 and Summer Review 2018 reports
ENTSO-E’s Winter Outlook 2018/2019 finds that Europe’s supply of electricity is secured under normal conditions. In case of a cold spell, the situation will need monitoring in an area including Belgium, France, Northern–Italy, Central–Northern28.11.2018 12:17Commission approves €600 million in public support for innovative solar power installations in France
The European Commission has approved under EU State aid rules a measure to support innovative installations for electricity production from solar energy. The measure will further support the EU's energy and climate objectives without unduly distorting27.11.2018 16:20Tesla sales plunge 70% in October in China
Tesla Inc’s vehicle sales in China sank 70% last month from a year ago, the country’s passenger car association told Reuters on Tuesday, underscoring how the Sino-U.S. trade war is hurting the U.S. electric carmaker, Reuters reports. An27.11.2018 14:23South Korea's SK Innovation to build its first EV battery plant in the USA
South Korea’s SK Innovation said on Monday it will spend 1.14 trillion won to build its first electric vehicle battery plant in the United States to better compete in the global EV battery market, Reuters reports. The plant will have an27.11.2018 14:12France to close 14 nuclear reactors by 2035
The French government will not close any of its nuclear reactors besides Fessenheim before the end of the current presidential mandate which runs until 2022, French President Emmanuel Macron said on Tuesday, Reuters reports. In a long-awaited speech20.11.2018 09:43Turkey warns companies against energy exploration with Greek Cypriot government
Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean. The Turkish authorities say that such activities could damage regional stability, Reuters20.11.2018 09:38Russia adopts a wait&see stance before OPEC+ summit
Russia’s energy minister insisted the country and its allies in OPEC need to watch the oil market in the coming weeks before making any decisions to cut output, Bloomberg reports. “We need to see how the situation develops in November
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